Shop rents fall to eight-year low
September 2010 - From the Print Edition
RETAIL RENT SLUMP Shopping centre rents in Romania declined in the first half of 2010 to the same level as in 2002, according to Jones Lang LaSalle (JLL).
In the second quarter of 2010 the rents dropped by ten to 15 per cent compared to the first quarter of the year.
In Bucharest the highest rents in the shopping centres fell to 60 to 75 Euro per sqm per month on average.
The stock of modern retail space in Bucharest stood at 580,000 sqm at end-June 2010 and reached 1.4 million sqm at a national level.
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